According to research, a strong correlation exists between the amount of money an organization spends on motivational programs and motivational speakers and its revenues, profitability, and market share.
Answer the following statement true (T) or false (F)
False
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Primary information sources are those that already exist
Indicate whether the statement is true or false
Geller Electronics paid $200,000 to acquire Tabletz Company, an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Tabletz's assets was $200,000. The fair market value of its liabilities was $100,000. Journalize the acquisition of Tabletz in the books of Geller Electronics. Omit explanation.
What will be an ideal response?
Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The correct journal entry to record the payment on August 16 is:
A. Debit Accounts Payable $8,167.50; credit Cash $8,167.50. B. Debit Accounts Payable $9,750; credit Merchandise Inventory $97.50; credit Cash $9,652.50. C. Debit Cash $8,250; credit Accounts Payable $8,250. D. Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50. E. Debit Merchandise Inventory $8,250; credit Cash $8,250.
Which of the following statements is CORRECT?
A. The preferred stock of a given firm is generally less risky to investors than the same firm's common stock. B. Corporations cannot buy the preferred stocks of other corporations. C. Preferred dividends are not generally cumulative. D. A big advantage of preferred stock is that dividends on preferred stocks are tax deductible by the issuing corporation. E. Preferred stockholders have a priority over bondholders in the event of bankruptcy to the income, but not to the proceeds in a liquidation.